There is no doubt that obtaining this CFE-Fraud-Schemes-and-Financial-Crimes certification is recognition of their ability so that they can find a better job and gain the social status that they want. Most people are worried that it is not easy to obtain the certification of CFE-Fraud-Schemes-and-Financial-Crimes, so they dare not choose to start. We are willing to appease your troubles and comfort you. We are convinced that our CFE-Fraud-Schemes-and-Financial-Crimes test material can help you solve your problems. Compared to other learning materials, our products are of higher quality and can give you access to the CFE-Fraud-Schemes-and-Financial-Crimes certification that you have always dreamed of.
| Section | Objectives |
|---|---|
| Topic 1: Financial Crimes | - Financial Statement Fraud
|
| Topic 2: Fraud Schemes | - Fraudulent Disbursements
|
>> Reliable CFE-Fraud-Schemes-and-Financial-Crimes Dumps <<
At the Actual4Cert, you can download top-notch and easy-to-use CFE-Fraud-Schemes-and-Financial-Crimes practice test material quickly. Just take the smart and the best decision of your career and get registered for Certified Fraud Examiner -Fraud Schemes and Financial Crimes CFE-Fraud-Schemes-and-Financial-Crimes Exam and download Actual4Cert CFE-Fraud-Schemes-and-Financial-Crimes PDF Questions and practice tests and start this journey right now. And Actual4Cert provides 365 days updates.
NEW QUESTION # 115
A fraudster poses as ABC Organization's chief executive officer (CEO) and sends an email to an employee requesting that company funds be transferred to an account that the fraudster owns. This is an example of which of the following types of fraud schemes?
Answer: B
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: This scheme is a business email compromise (BEC) , also known as CEO fraud. Fraudsters impersonate high-ranking executives to trick employees into transferring money or disclosing confidential information.
* Analysis of Incorrect Options:
* A. Reverse social engineering - Involves the fraudster posing as a helper and then exploiting the victim, not impersonating executives.
* B. Executive email attack - A generic term, but the ACFE recognizes BEC as the precise classification.
* C. Electronic piggybacking - Refers to unauthorized access through another user's session, not impersonation.
* Key Concept: Social engineering and cyber-enabled fraud - BEC schemes.
Reference: ACFE Manual, Fraud Prevention and Deterrence - Business Email Compromise .
NEW QUESTION # 116
To prevent expense reimbursement fraud, it is recommended that companies require employees to submit receipts electronically.
Answer: B
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Expense reimbursement schemes are a common type of fraudulent disbursement. Requiring employees to submit receipts electronically improves controls by ensuring legibility, reducing the chance of altered or duplicate submissions, and creating a digital audit trail. This measure is recommended in the Fraud Examiners Manual as part of strengthening internal controls over reimbursement processes.
* Analysis of Incorrect Option:
* B. False - Incorrect because electronic receipt submission is indeed a recognized anti-fraud measure.
* Key Concept: Fraudulent disbursements prevention through documentation controls.
Reference: ACFE Manual, Fraudulent Disbursements - Expense Reimbursement Schemes .
NEW QUESTION # 117
Which of the following statements regarding Ponzi schemes is MOST ACCURATE?
Answer: A
Explanation:
The correct answer is B. A Ponzi scheme is a fraudulent investment arrangement in which funds from new investors are used to make payments to earlier investors. The payments create an appearance that the investment is legitimate and profitable, even though little or no genuine business activity or investment return exists. This artificial success helps the promoter attract more investors and delay detection. Option A describes a characteristic more closely associated with pyramid schemes, where compensation depends heavily on recruiting participants. Option C is incomplete because Ponzi schemes usually promise high returns with low or no stated risk, not openly high-risk investments. Option D also reflects pyramid-style recruitment structures rather than the defining feature of a Ponzi scheme.
NEW QUESTION # 118
Reconciling the sales records to the cash receipts is an effective way to detect a sales skimming scheme.
Answer: B
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Skimming involves the theft of cash before it is recorded in the accounting system. Since sales are never recorded, reconciling sales to receipts will not detect skimming-it can only detect larceny (theft after recording).
* Analysis of Incorrect Options:
* A. True - Incorrect because no discrepancy exists in the records (the sale itself is omitted).
* Key Concept: Distinction between skimming (off-book theft) and cash larceny (on-book theft).
Reference: ACFE Fraud Examiners Manual (2020) , Cash Receipts: Skimming Schemes .
NEW QUESTION # 119
Which of the following statements is TRUE regarding income statements?
Answer: C
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Gross profit = Net sales - Cost of Goods Sold (COGS). This is the correct definition, as per standard accounting principles.
* Analysis of Incorrect Options:
* A. Gross revenue - Defined as total sales before deductions, not after.
* B. Net profit - Net profit is after all expenses (operating, interest, taxes), not before.
* D. Operating expenses - Appear after gross profit, not at the top.
* Key Concept: Income statement structure and key definitions .
Reference: ACFE Fraud Examiners Manual (2020) , Accounting Concepts: Income Statement Analysis .
NEW QUESTION # 120
......
There is no doubt that if you pass the CFE-Fraud-Schemes-and-Financial-Crimes exam certification test, which means that your ability and professional knowledge are acknowledged by the authority field, we suggest that you can try our CFE-Fraud-Schemes-and-Financial-Crimes reliable exam dumps. Although it is difficult to prepare the exam for most people, as long as you are attempting our CFE-Fraud-Schemes-and-Financial-Crimes Exam Dumps, you will find that it is not as hard as you think. What you will never worry about is that the quality of CFE-Fraud-Schemes-and-Financial-Crimes exam dumps, because once you haven’t passed exam, we will have a 100% money back guarantee. You can easily pass the exam only if you spend some spare time studying our CFE-Fraud-Schemes-and-Financial-Crimes materials.
Unlimited CFE-Fraud-Schemes-and-Financial-Crimes Exam Practice: https://www.actual4cert.com/CFE-Fraud-Schemes-and-Financial-Crimes-real-questions.html